Revolut Payments UAB

Revolut Payments UAB is a Lithuanian electronic money institution (EMI) that forms part of the broader Revolut Group, the global financial technology company founded in 2015 in the United Kingdom. The Lithuanian entity provides payment services and e-money accounts to customers across the European Economic Area (EEA), operating under authorization from the Bank of Lithuania.

Company Overview

Legal name: Revolut Payments UAB
Company type: Uždaroji akcinė bendrovė (UAB; private limited liability company)
Industry: Financial technology; Payments; Electronic money institution
Founded (Lithuanian entity): 2017 (EMI license granted by the Bank of Lithuania in December 2018)
Headquarters: Vilnius, Lithuania

Legal Information

Įmonės kodas (Company registration code): 304580206 (as listed in Lithuanian corporate registries)
PVM kodas (VAT number): Not publicly confirmed in the sources consulted. Revolut Payments UAB is expected to be registered as a VAT payer; verification should be made via the VMI VAT register.
Official website: https://www.revolut.com
General email address: support@revolut.com (customer support is primarily provided via in-app chat); press@revolut.com (media enquiries); business@revolut.com (Revolut Business enquiries)
Registered office address: Konstitucijos pr. 21B, LT-08130 Vilnius, Lithuania
Registered office phone number: Not publicly listed; Revolut directs customers to in-app support and online help resources.

Business Operations

Main products and services

- E-money accounts for individuals and businesses in the EEA
- Payment cards (debit/prepaid), card issuance and processing
- Domestic and international transfers (SEPA and non-SEPA)
- Foreign exchange and multi-currency balances
- Payment initiation and account top-ups
- Ancillary payment services under the scope of EMI authorization

Business model

Revolut Payments UAB operates a digital-first model, offering app-based financial services delivered through an EMI license. Revenue streams include interchange, FX mark-ups on certain tiers, subscription fees for premium plans, merchant fees, and auxiliary service charges. Customers typically onboard digitally, with compliance and AML/KYC checks managed centrally and locally under Lithuanian and EU regulations.

Market position

Within the EEA, Revolut’s Lithuanian operations help anchor Revolut’s European footprint. The company is one of the largest neobank/fintech brands in the region, competing with other digital finance providers for consumer and SME payment services. Its market position benefits from brand recognition, a comprehensive app, and a broad product suite, though precise market share figures specific to Lithuania’s payments market are not publicly disclosed.

History

- 2017: Revolut establishes a Lithuanian entity, Revolut Payments UAB.
- December 2018: The Bank of Lithuania grants Revolut Payments UAB an electronic money institution (EMI) license, enabling local issuance of e-money and payment services in the EEA.
- 2020: A sister company, Revolut Bank UAB, obtains a specialized banking license from the Bank of Lithuania; certain EEA services and deposit accounts expand under that banking entity.
- 2020–2023: Progressive migration of some EEA customers to Revolut Bank UAB for deposit-taking and additional regulated banking services, while Revolut Payments UAB continues to provide EMI-based payment operations.
- Ongoing: Enhancement of app features, expansion of card services, partnerships with digital wallets (e.g., Apple Pay, Google Pay), and alignment with EU payments regulation and AML requirements.

Financial Information

Revenue (Lithuanian entity): Detailed revenue and profit figures for Revolut Payments UAB are not publicly available in the sources reviewed. As a private UAB, financial statements may be filed with Lithuanian authorities but are not broadly published in detail.
Funding rounds (group-level): Revolut Group has raised multiple funding rounds since 2015, including large Series D and later rounds that have collectively totaled billions of USD, supporting global expansion and European operations via Lithuanian entities.
Ownership structure: Revolut Payments UAB is a subsidiary within the Revolut Group. The ultimate parent is the UK-based Revolut organization founded by Nikolay Storonsky and Vlad Yatsenko. Specific shareholding of the Lithuanian entity is not publicly detailed in the sources reviewed; group-level ownership includes institutional investors and employees through various funding rounds.

Leadership and Management

Vadovai (executives): The Lithuanian entity’s statutory managers and board composition can change and are recorded in the Lithuanian Register of Legal Entities (JAR). The specific current names and roles for Revolut Payments UAB were not publicly listed in the sources reviewed at the time of research.
Group-level leadership relevant to EEA operations:
- Nikolay Storonsky — Founder and Group CEO, Revolut
- Vlad Yatsenko — Co-founder and Group CTO, Revolut
- Joe Heneghan — Senior executive overseeing European operations in prior periods (exact current title may vary; responsibilities have included leadership across Revolut’s EEA entities)
For the most accurate, current Lithuanian statutory officers (pareigos) and board members of Revolut Payments UAB, consult the Lithuanian Register of Legal Entities or the Bank of Lithuania’s public lists.

Office Locations

Registered office: Konstitucijos pr. 21B, LT-08130 Vilnius, Lithuania
Phone: Not publicly listed.
No additional Lithuanian branch office addresses with specific phone numbers were publicly available in the sources reviewed.

Market Position

Competitors: Wise (EMI), N26 (bank), Paysera (EMI), Monese (EMI), traditional banks offering digital accounts and payments, and other fintechs operating in the EEA.
Competitive advantages: A single, feature-rich app; multi-currency capabilities; rapid onboarding; international reach; strong brand; integration with mobile wallets; and innovative product development cycles.
Market share: Specific market share data for Revolut Payments UAB in Lithuania or the broader EEA payments market is not publicly disclosed by official sources.

Recent Developments

- Continued alignment of Lithuanian operations with EU regulatory frameworks (PSD2, AML/CFT).
- Ongoing service enhancements in the Revolut app for EEA customers, with certain banking features offered under Revolut Bank UAB.
- Partnerships for wallet integrations (e.g., Apple Pay, Google Pay) expanded across multiple EEA countries.
- Customer communications regarding migrations of certain accounts and feature sets from EMI to banking entity where applicable in the EEA.

Contact Information

Official website: https://www.revolut.com
Customer support: In-app chat via the Revolut app; online Help Centre available on the website.
Email: support@revolut.com (general); press@revolut.com (media); business@revolut.com (Revolut Business)
Registered office address: Konstitucijos pr. 21B, LT-08130 Vilnius, Lithuania
Phone: Not publicly listed by the company.

Sources and References

- Bank of Lithuania — Public list of electronic money institutions: www.lb.lt (search for Revolut Payments UAB)
- Lithuanian Register of Legal Entities (JAR) via the Centre of Registers: www.registrucentras.lt
- Rekvizitai.lt — Company directory (entry for Revolut Payments UAB): www.rekvizitai.lt
- Revolut official site and Help Centre: www.revolut.com and www.revolut.com/help
- Revolut legal and regulatory information pages: www.revolut.com/legal
- Press coverage on Revolut’s Lithuanian licenses and EEA operations (various reputable outlets; consult recent articles for developments post-2020)

Note: Certain details (e.g., exact VAT number, specific current statutory managers and phone numbers) were not publicly available in the sources consulted at the time of research. For authoritative, up-to-date information, refer to the Bank of Lithuania’s registers and the Lithuanian Register of Legal Entities.